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TNDT's IPO oversubscribed

Thai NDT Plc (TNDT)'s 20-million initial public offering (IPO) share sale has received warm welcome from investors with 5 times oversubscription.

TNDT, a NDT system examination service provider to petrochemical, fuel and natural gas operators, sold 20 million IPO shares at a price of Bt3.10 each between September 14 and 18. Capital Nomura Securities acts as the company's lead underwriter while Asset Pro management is the financial advisor.

The company has expressed confidence that its sales target at Bt154 million this year is achievable as the company has provided its services to several petrochemical and fuel companies and the revenue would be realised over the next 3-5 years.

- The Nation

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TNDT's IPO oversubscribed

Thai NDT Plc (TNDT)'s 20-million initial public offering (IPO) share sale has received warm welcome from investors with 5 times oversubscription.

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